Oppenheimer Starts Syros Pharmaceuticals (SYRS) at Outperform
Get Alerts SYRS Hot Sheet
Rating Summary:
8 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Join SI Premium – FREE
Oppenheimer initiates coverage on Syros Pharmaceuticals (NASDAQ: SYRS) with a Outperform rating and a price target of $28.00.
Analyst Leah Rush Cann commented, "We are initiating coverage of Syros Pharmaceuticals, a development-stage biotechnology company, with an Outperform rating and 12- to 18-month price target of $28. We estimate Syros could launch its first drug, SY-1425, as early as 2018. Based on our expectation that Syros will launch its first product in the next few years, we assume that the company will have revenue in 2018 and that it will grow at a CAGR of 103% from 2018-21, to $510 million in 2021. However, as it is the case with development-stage companies, these estimates do carry a degree of risk."
For an analyst ratings summary and ratings history on Syros Pharmaceuticals click here. For more ratings news on Syros Pharmaceuticals click here.
Shares of Syros Pharmaceuticals closed at $14.19 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lake Street Capital Markets Starts Research Solutions Inc. (RSSS) at Buy
- Spotify (SPOT) PT Raised to $340 at Evercore ISI following strong Q1 results
- Benchmark Starts Qualcomm (QCOM) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Hot New Coverage, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!